Quanta Services, Inc. $PWR Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC reduced its position in shares of Quanta Services, Inc. (NYSE:PWR) by 19.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 27,822 shares of the construction company’s stock after selling 6,630 shares during the quarter. Boothbay Fund Management LLC’s holdings in Quanta Services were worth $11,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PWR. Lansforsakringar Fondforvaltning AB publ increased its position in shares of Quanta Services by 5.4% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after acquiring an additional 2,375 shares during the last quarter. Evoke Wealth LLC acquired a new stake in shares of Quanta Services during the fourth quarter valued at about $368,000. Sequoia Financial Advisors LLC increased its position in shares of Quanta Services by 3.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock valued at $55,052,000 after acquiring an additional 3,966 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Quanta Services by 9.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock valued at $21,357,000 after acquiring an additional 4,568 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in shares of Quanta Services by 44.4% during the third quarter. Westfield Capital Management Co. LP now owns 245,506 shares of the construction company’s stock valued at $101,743,000 after acquiring an additional 75,449 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PWR has been the subject of a number of recent analyst reports. CICC Research initiated coverage on shares of Quanta Services in a research report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price target for the company. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th. BNP Paribas Exane initiated coverage on shares of Quanta Services in a research report on Tuesday, April 14th. They set a “neutral” rating for the company. TD Cowen lifted their price target on shares of Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Bank of America lifted their price target on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $733.87.

Quanta Services Trading Down 0.7%

NYSE PWR opened at $714.41 on Thursday. The firm has a 50 day simple moving average of $684.87 and a 200-day simple moving average of $562.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a one year low of $358.27 and a one year high of $788.75. The firm has a market cap of $107.20 billion, a price-to-earnings ratio of 98.00, a PEG ratio of 2.83 and a beta of 1.20.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating the consensus estimate of $2.04 by $0.64. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter last year, the firm posted $1.78 earnings per share. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is presently 6.04%.

Quanta Services announced that its Board of Directors has authorized a stock repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $756.98, for a total value of $3,027,920.00. Following the completion of the transaction, the chief accounting officer owned 8,080 shares in the company, valued at $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the transaction, the chief executive officer owned 556,911 shares of the company’s stock, valued at $429,183,462.15. This represents a 18.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 159,992 shares of company stock valued at $123,244,714 in the last quarter. 0.60% of the stock is owned by insiders.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.